Buy Bajaj Auto, can outperform; prefer Ceat: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bajaj Auto seems to be doing all the right things. It doesn’t fall, that is one of the most important parts of a good stock willing to go higher. It is in a consolidation assuming that the Nifty actually sees a rally which I suspect and I hope it will. Bajaj Auto could be an outperformer. You buy it, it is a bluechip; it is in a consolidation and is outperforming the Nifty and willing to break out.""There are only a limited number of trades that we should be thinking about and planning. Apollo Tyres could easily held in to resistances rather than anything else, so I would avoid these stocks. Between the two, in Ceat the correction was cleaner and neater and the rally is likely to be better. Ceat is a preferred stock," he said.Bajaj Auto's trailing 12-month (TTM) EPS was at Rs 119.97 per share. (Dec, 2015). The stock's price-to-earnings (P/E) ratio was 19.65. The latest book value of the company is Rs 369.57 per share. At current value, the price-to-book value of the company was 6.38. The dividend yield of the company was 2.12 percent.